Ubuntu Dapper Drake Flight CD3 has been released. I haven't received the email on ubuntu-devel yet, but the .iso files appear to be up (Ubuntu | Kubuntu). Improvements in this release include an updated installer CD boot splash, X11R7, GNOME 2.13.4, improved and simplified menus, new default desktop panel configuration, some new applications such as XChat-GNOME, a faster live CD, live CD persistence, and more. In addition to software improvements, Launchpad is now officially open for business for all bug tracking.

"helping out in repackaging is not something worth talking about. What *code* contributions have they made. Name ANY new open source projects done by them."

the modular xorg 7.0 release was not "repackaged". it was the first modular release, there was a huge amount of packaging work to split xorg up and provide an upgrade path for users. daniel stone put a lot of work into it. he contributed a lot of code as well http://cia.navi.cx/stats/author/daniels

to name a few *new* open source projects by canonical:
bazaar-ng
update-manager
hwdb-gui
gnome-app-install

launchpad, rosetta, and malone are not proprietary, just unfinished and unreleased. the release milestones and features are available https://wiki.launchpad.canonical.com/ they are targeting a july 6th 1.0 release.